A) The monopsonist is the only buyer in a market.
B) The monopsonist faces an upward sloping labor supply curve.
C) The monopsonist faces an upward sloping labor demand curve.
D) The monopsonist faces the entire market labor supply curve.
B) The monopsonist faces an upward sloping labor supply curve.
C) The monopsonist faces an upward sloping labor demand curve.
D) The monopsonist faces the entire market labor supply curve.
ANSWER:
C